The cryptocurrency market recorded an uptick in altcoins this week, leading to several projections of a wider rally.
Markets reacted swiftly to regulatory overhaul as traders weigh clarity against risk.
Polkadot (DOT) is building momentum and pressing against key resistance, with bullish signals flashing on the 4-hour chart. Rising volume and a tightening range hint at an imminent breakout, with a $4.75 target in sight. DOT isn’t done yet—bigger gains could be just ahead. Breakout Confirmation Hinges on Key Closing Level Polkadot could be gearing up for a significant breakout, according to a recent post from crypto analyst GodstarPL on the X (formerly Twitter) platform. The analyst emphasized that key bullish signals are now emerging on the 4-hour Heikin Ashi chart, hinting at a potential shift in momentum that could favor the bulls in the near term. Related Reading: Polkadot (DOT) Nears Critical Zone: A Reversal Could Trigger 180% Surge One of the most compelling signals comes from the price action itself, as DOT is currently pressing up against a major resistance level. This resistance is being tested alongside a noticeable uptick in trading volume, suggesting that market participants are increasingly interested and possibly positioning for a larger move. The combination of volume growth and price compression typically indicates that a breakout could be imminent. GodstarPL highlighted that the breakout target lies at $4.75, which would represent a 25% increase from current levels. For this move to gain traction, the analyst noted that confirmation is crucial. Specifically, DOT needs to secure a close above the $3.80 mark to validate the bullish breakout scenario and invite further buying pressure. On the downside, strong support has been identified around $3.55. This level is acting as a safety net for bulls, and a failure to hold above it could temporarily delay any upward movement. However, as long as this support holds, the setup remains favorable for an upside breakout. In summary, Polkadot is in a tight squeeze between support and resistance, with bullish reversal signals flashing on key timeframes. A breakout above $3.80 could pave the way for a strong rally toward $4.75, while the $3.55 level will be critical in maintaining bullish momentum. Thriving Not Surviving: Polkadot’s Breakout Potential Unfolds GodstarPL concluded that if current support levels continue to hold, the price of Polkadot could be poised for a powerful move into the $5 zone in the near future. The technical setup suggests that DOT isn’t merely consolidating, it’s building strength for what could be a substantial breakout. Related Reading: Polkadot Price Caught In A 5-Year Channel – Can It Finally Break Free? In the analyst’s view, DOT is not just weathering market conditions; it’s positioning itself for significant upside. With bullish signals aligning and momentum improving, DOT appears ready to shift from survival mode to a phase of growth and potential outperformance. As of the time of writing, DOT is trading at around $3.62, with a market capitalization exceeding $5.8 billion and a 24-hour trading volume of over $382 million. Featured image from Getty Images, chart from Tradingview.com
A new quantum experiment shows that observation changes reality — but investors knew that already
Amid a confluence of bearish political and economic developments, Bitcoin and other assets are down while liquidations only keep rising.
Global payment firm Visa is expanding stablecoin support, marking a further extension of its cryptocurrency offerings.
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BitcoinWorld Nvidia H20 Licenses Stalled: A Critical Setback for AI Chips Amidst Commerce Dept Backlog In the fast-paced world of technology and digital assets, delays in critical sectors like artificial intelligence can send ripples across global markets, including the cryptocurrency ecosystem. The latest development involving Nvidia H20 chip export licenses and a significant Commerce Dept backlog highlights how bureaucratic hurdles can impact even the most powerful tech giants, influencing everything from supply chains to investor sentiment in related fields like blockchain and AI-driven crypto projects. What’s Holding Back Nvidia H20 Chip Export Licenses? Earlier in July, there was a glimmer of hope for chipmakers when U.S. Secretary of Commerce Howard Lutnick seemingly gave the green light for companies like Nvidia to resume selling certain AI chips in China. This decision was closely watched, given the ongoing geopolitical tensions and restrictions on advanced technology exports. However, this initial optimism has been overshadowed by a concerning reality: Nvidia has yet to receive the necessary licenses to sell its H20 AI chips, a variant specifically designed to comply with U.S. export controls while still offering powerful AI capabilities. The H20 chip is a crucial product for Nvidia, aiming to maintain its market presence in China, a significant consumer of high-performance AI hardware. The delay in obtaining these chip export licenses isn’t just a minor hiccup; it represents a significant obstacle for Nvidia’s strategic plans and revenue projections for the second half of 2025. Understanding the Commerce Dept Backlog: A Deeper Dive The core of the problem lies within the U.S. Department of Commerce itself. According to Reuters, the department is grappling with a substantial Commerce Dept backlog of licensing applications. This isn’t merely a procedural delay; it points to deeper internal issues within the department, specifically: Staffing Shortages: A reported loss of key personnel has left the department understaffed, unable to process the volume of applications efficiently. Communication Breakdown: There’s been a reported breakdown in communication channels, not only internally but also between the department and the very industries it regulates. This lack of clear, consistent dialogue can exacerbate delays and create uncertainty for companies navigating complex export regulations. Internal Turmoil: The reports suggest a general state of turmoil within the department, which inevitably impacts its operational effectiveness and ability to execute policy directives, even those from its own Secretary. These internal challenges create a bottleneck that affects not just Nvidia but potentially many other technology companies seeking approval for sensitive exports, directly impacting global supply chains for critical components like AI chips . The National Security Debate: Why Are Chip Export Licenses So Contentious? The delays are further complicated by an intense debate among national security experts regarding the sale of Nvidia H20 chips to China. Despite the H20 being a “downgraded” version designed to meet export control thresholds, a group of 20 national security experts is reportedly urging the Trump administration to impose even stricter restrictions. Their primary concern revolves around the potential for these chips, even if less powerful than their top-tier counterparts, to be used by China for military modernization or to advance its own AI capabilities in ways that could pose a threat to U.S. national interests. This ongoing discussion highlights the delicate balance the U.S. government attempts to strike between maintaining technological leadership, protecting national security, and allowing American companies to compete in global markets. The contention around chip export licenses underscores the strategic importance of semiconductors in the current geopolitical landscape. Navigating US-China Tech Tensions and Their Impact on AI Chips The saga of Nvidia’s H20 licenses is a microcosm of the broader US-China tech rivalry. Both nations are locked in a strategic competition for dominance in critical emerging technologies, with artificial intelligence and advanced semiconductors at the forefront. The U.S. has consistently aimed to curb China’s access to cutting-edge AI hardware, fearing its application in military advancements or surveillance technologies. China, in response, has doubled down on its efforts to achieve self-sufficiency in chip manufacturing. This geopolitical tension directly impacts the global market for AI chips . Companies like Nvidia find themselves caught in the crossfire, forced to adapt their products and sales strategies to comply with evolving export controls. The unpredictability of these policies and the bureaucratic hurdles involved create an uncertain operating environment, affecting investment decisions and technological innovation worldwide. What Are the Broader Implications for the Tech and Crypto Markets? The stalling of Nvidia H20 licenses has several significant implications: For Nvidia: It could lead to a loss of market share in China, a critical revenue stream, and potentially force a re-evaluation of its strategy for the Chinese market. Delays also mean missed sales opportunities. For the AI Industry: Restricted access to high-performance AI hardware can slow down AI development in certain regions, potentially creating a two-tiered system for AI innovation. For Global Supply Chains: Such backlogs and policy uncertainties can create instability in global supply chains, affecting the availability and pricing of essential components for various tech sectors. For Investors: The situation introduces an element of risk for investors in semiconductor companies and the broader tech sector. It highlights the influence of geopolitical factors and regulatory environments on corporate performance. While not directly impacting crypto prices, the health of the broader tech market, particularly companies involved in GPU production (like Nvidia, whose GPUs are also vital for crypto mining and AI), can subtly influence investor sentiment and capital flows within the digital asset space. This incident serves as a stark reminder that even as AI promises revolutionary advancements, its progress is inextricably linked to complex political and bureaucratic realities. The future of AI chips and their global distribution will continue to be shaped by these evolving dynamics. A Path Forward? Addressing the Commerce Dept Backlog For the situation to improve, the U.S. Department of Commerce will need to address its internal issues. This could involve: Increased Staffing: Prioritizing the hiring and training of personnel dedicated to export license processing. Streamlined Processes: Implementing more efficient and transparent application review procedures. Improved Communication: Establishing clearer lines of communication with industry stakeholders to reduce confusion and accelerate approvals. Policy Clarity: Providing consistent and unambiguous guidance on export control policies to help companies navigate the complex regulatory landscape. Without these improvements, the backlog could continue to hinder American innovation and competitiveness on the global stage, especially in critical areas like advanced AI chips . Conclusion: The Unseen Hurdles in the Race for AI Dominance The reported backlog at the Commerce Department, stalling Nvidia H20 chip licenses, is more than just a bureaucratic hiccup; it’s a profound illustration of the complex interplay between technology, national security, and global economics. As the world races towards AI dominance, the availability and distribution of powerful AI chips become paramount. This situation underscores the critical need for efficient governance and clear policy, especially when dealing with technologies that have dual-use potential. For investors and enthusiasts alike, it highlights the often-unseen regulatory hurdles that can significantly impact even the most formidable companies and the broader trajectory of technological advancement. The resolution of this backlog will be a key indicator of how effectively the U.S. can balance its strategic imperatives with the needs of its leading technology firms in the fiercely competitive US-China tech arena. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post Nvidia H20 Licenses Stalled: A Critical Setback for AI Chips Amidst Commerce Dept Backlog first appeared on BitcoinWorld and is written by Editorial Team
Donald Trump has fired the commissioner of the Bureau of Labor Statistics, Erika McEntarfer, today, accusing her of distorting employment numbers in some plot to set him up. The accusation came just hours after a new jobs report revealed a steep drop in hiring over the past three months. Trump claimed the data was manipulated to make him and Republicans look weak. “We need accurate Jobs Numbers,” he wrote on Truth Social. “She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.” Trump also accused McEntarfer of sabotaging his 2024 re-election bid by publishing strong jobs growth numbers just before the election and quietly revising them downward shortly after. “In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad,” Trump wrote . “Just like when they had three great days around the 2024 Presidential Election, and then, those numbers were ‘taken away’ on November 15, 2024… A TOTAL SCAM.” Trump replaces McEntarfer after weak July jobs numbers The BLS reported Friday morning that the economy added only 73,000 jobs in July, far lower than what analysts had forecasted. On top of that, the agency revised May and June numbers downward by more than 200,000 jobs combined. McEntarfer’s removal came just hours after the release. Labor Secretary Lori Chavez-DeRemer confirmed that Bill Wiatrowski, a longtime BLS official who served under Obama, would become acting commissioner. Chavez-DeRemer said the department would begin looking for a permanent replacement immediately. She added, “our jobs numbers must be fair, accurate, and never manipulated for political purposes.” McEntarfer had only been in the position since early 2024. President Joe Biden nominated her in July 2023, and the Senate confirmed her with an 86-8 vote in January 2024. Among the Republicans who backed her was JD Vance, who is now Vice President. Before her BLS role, McEntarfer had worked in the Census Bureau, Treasury Department, and on the White House Council of Economic Advisers. Trump claimed, without giving proof of course, that she “faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory.” Trump previously celebrated the BLS’s reporting when the numbers worked in his favor. In March, while speaking from the Oval Office, he pointed to “how good some of these numbers are.” In April and May, the White House released statements linking strong job growth to Trump’s leadership. In June, Trump posted “GREAT JOBS NUMBERS” on Truth Social after the report came out. The BLS said it regularly updates figures like job growth, GDP, and inflation due to lagging survey responses. It collects data from households and businesses via phone, mail, online forms, and field visits. Officials said these lags are normal and not signs of manipulation. But Trump didn’t accept that explanation. He cited the 818,000-job correction made in August 2024 as proof that something was off. Julie Hatch Maxfield, who currently oversees the employment statistics division at BLS, will stay on. She joined the agency during Trump’s first term. Powell targeted again as $1.11 trillion wiped off the stock market Trump also revived his attacks on Federal Reserve Chair Jerome Powell , referring to him again as “Too Late Powell.” Trump said Powell should be “put out to pasture.” For months, Trump has pressured Powell to slash interest rates faster. But Powell has warned about moving too quickly. On Wednesday, he said, “If you move too soon, you wind up maybe not getting inflation all the way fixed, and you have to come back. That’s inefficient. If you move too late, you might do unnecessary damage to the labor market.” This latest fight over jobs data landed hard on Wall Street. The U.S. stock market lost $1.11 trillion in value on Friday as stocks closed deep in the red. Analysts pointed to the weak jobs data and Fed uncertainty as major drivers. The BLS, founded to collect and report economic information, says its job is to “measure labor market activity, working conditions, price changes, and productivity in the U.S. economy to support public and private decision making.” But Trump has now made it clear that he believes that process has been hijacked. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
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